Hartwell J M Limited Partnership cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,450 shares of the company’s stock after selling 50 shares during the period. Alphabet comprises approximately 4.1% of Hartwell J M Limited Partnership’s investment portfolio, making the stock its 9th largest position. Hartwell J M Limited Partnership’s holdings in Alphabet were worth $16,230,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Alphabet during the second quarter worth about $121,000. Whitnell & Co. increased its stake in Alphabet by 20.6% in the second quarter. Whitnell & Co. now owns 187 shares of the company’s stock worth $129,000 after buying an additional 32 shares in the last quarter. D. Scott Neal Inc. increased its stake in Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock worth $145,000 after buying an additional 200 shares in the last quarter. Cacti Asset Management LLC bought a new stake in Alphabet during the second quarter worth approximately $159,000. Finally, Wedge Capital Management L L P NC bought a new stake in Alphabet during the second quarter worth approximately $210,000. Institutional investors own 34.39% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOG) traded down 0.35% on Friday, hitting $774.17. 263,316 shares of the stock were exchanged. Alphabet Inc. has a 1-year low of $635.32 and a 1-year high of $789.87. The company’s 50 day moving average is $773.21 and its 200 day moving average is $740.06. The stock has a market cap of $532.07 billion, a PE ratio of 30.00 and a beta of 1.03.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.03 by $0.39. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $20.74 billion. During the same quarter in the previous year, the firm posted $6.99 earnings per share. Alphabet’s revenue was up 21.3% compared to the same quarter last year. On average, equities research analysts expect that Alphabet Inc. will post $34.14 earnings per share for the current year.
GOOG has been the topic of a number of research analyst reports. Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.69 price objective on the stock. in a report on Monday, June 13th. Citigroup Inc. reissued a “buy” rating and set a $900.00 price objective on shares of Alphabet in a report on Saturday, June 18th. Pacific Crest reissued an “overweight” rating and set a $910.00 price objective on shares of Alphabet in a report on Thursday, June 23rd. Evercore ISI reissued a “buy” rating and set a $830.00 price objective (down previously from $950.00) on shares of Alphabet in a report on Thursday, June 23rd. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a $810.00 price objective (down previously from $850.00) on shares of Alphabet in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $926.55.
In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $739.21, for a total transaction of $2,956,840.00. Following the sale, the chief executive officer now owns 3,297 shares in the company, valued at $2,437,175.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James Grier Campbell sold 603 shares of Alphabet stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $767.18, for a total transaction of $462,609.54. The disclosure for this sale can be found here. Company insiders own 13.92% of the company’s stock.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.